Dan Clark Posted June 10, 2008 Report Share Posted June 10, 2008 I'm moving up north to university in September, and instead of researching every bank, I figured I'd ask a bunch of strangers I've never met before on the internet instead. I'm looking to setup a student bank account for university, who has the best deal going? I know someone, possibly Tomm, has mentioned before about someone who not only had a £1500 overdraft, but also gave you a year to pay it back after you have finished uni, this would be superb. Also, any useful free things they thrown in would be very nice too. What are everyones experiences with their banks? I know there's been topics before, but banks change their offers all the time, so I thought it might be a bit out of date. Thanks a lot. Quote Link to comment Share on other sites More sharing options...
N.Wood Posted June 10, 2008 Report Share Posted June 10, 2008 I'm with Natwest, they gave me a 3 year student railcard when I joined, which is useful if you ue trains alot. It alo has the usual overdraft too. Not your what the max of the overdraft is, but I think about £1300 or so. Fairly low interest though, so i only have a few hundred in there, the rest is in a higher interest child account. Quote Link to comment Share on other sites More sharing options...
Revolver Posted June 10, 2008 Report Share Posted June 10, 2008 Natwest have the grey cards with the funky black cuty-like print on them, don't they? I think so. If that's the case, their accounts are very popular with students. My brother has one, and I'm quite sure a good few student customers at sainsbury's have them too. Quote Link to comment Share on other sites More sharing options...
Nick Harding Posted June 11, 2008 Report Share Posted June 11, 2008 I'm moving up north to university in September, and instead of researching every bank, I figured I'd ask a bunch of strangers I've never met before on the internet instead. Your leaving me? You cow! Quote Link to comment Share on other sites More sharing options...
boon racoon Posted June 11, 2008 Report Share Posted June 11, 2008 Natwest are the best by far..as I'm finding out (currently with HSBC) They have the biggest overdrafts: (interest free of course) £1250 in Year 1, £1500 in Year 2, £1600 in Year 3, £1850 in Year 4, £2000 in Year 5 HSBC goes £1000, £1250, £1500 then stops. But the biggest ballache is that HSBC charge you interest on your overdraft as SOON as you graduate (not exactly interest but a "monthly subscription" of about £12) This is why I'm moving over to Natwest now I've graduated because they offer an interest free graduate overdraft of £2000 in Year 1, £1000 in Year 2 and £500 in Year 3 after you've graduated. So yeah, go for Natwest - the lowdown is here Quote Link to comment Share on other sites More sharing options...
stav Posted June 11, 2008 Report Share Posted June 11, 2008 RBS is your best bet! £2000 overdraft, before/after graduating you there is no interest. 1yr after graduation your limit is £1500, 2yr £1000, 3yr £500 then once 4yr comes around you have paid it all off, very easy! Stav Quote Link to comment Share on other sites More sharing options...
Revolver Posted June 11, 2008 Report Share Posted June 11, 2008 I was wrong! Its HSBC! Get your arse onto: money supermarket and look there, your requirements will be different from anyone elses Quote Link to comment Share on other sites More sharing options...
Dan Clark Posted June 12, 2008 Author Report Share Posted June 12, 2008 HSBC are the bank UCAS just forced on me and persuaded me to research this. I'll go check out money supermarket now. Keep them coming people. Quote Link to comment Share on other sites More sharing options...
tipsy Jock Posted June 12, 2008 Report Share Posted June 12, 2008 Don't ever use HSBC. I had an HSBC student account when I was at uni, appaling service. Although on the plus side 2 years on after graduating they still haven't redueced my interest free overdraft.... RBS have by far the best graudate account, i'd imagine their student accounts are pretty good too. A point to bear in mind is that the bigger the overdraft you get the more you're going to have to payback once you graduate! Quote Link to comment Share on other sites More sharing options...
JonMack Posted June 12, 2008 Report Share Posted June 12, 2008 I've found Halifax to be awesome, since I opened the account just under 2 years ago I've never had any problems with them, and I've been in the red since day one, never been in the black, and they don't seem to mind. Quote Link to comment Share on other sites More sharing options...
forteh Posted June 12, 2008 Report Share Posted June 12, 2008 My HSBC student account was awesome, got the 3 year railcard free (which saved loads as I only used trains) and never had any problems with the overdraft limit - lived within my means Once I graduated they switched it over to a graduate account which retained the intrest free overdraft for about 3 years, its since reverted to a normal bank account but I never need to use the overdraft now Its 9 years now since I got my student account though so its all probably different now. Quote Link to comment Share on other sites More sharing options...
ben_travis Posted June 12, 2008 Report Share Posted June 12, 2008 As forteh says, i HSBC is what i used, fine and dandy, and i got an interest free overdraft (not that i need it) with them when i graduated. Quote Link to comment Share on other sites More sharing options...
nc7r Posted June 15, 2008 Report Share Posted June 15, 2008 Some useful tips to remember about student bank accounts are that the offers like free rail cards expire fairly early so don't miss out 'cos they're worth taking advantage of, also you need to have your wage (if you have one) as well as your student loan going in to that account. I had it going in to another and got bollocked haha. Quote Link to comment Share on other sites More sharing options...
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